Business
Full Year Results & H1 2025 Operational Update
Full Year Results & H1 2025 Operational Update.
About this update from Atome Plc
[{"type":"text","content":"\n\n\n\n\n26 June 2025\n \nATOME PLC\n(\"ATOME\", \"the Company\", or \"the Group\")\n \nFull Year Results\nH1 2025 Operational Update\n\n \nATOME (AIM: ATOM), the only international industrial-scale green fertiliser project development company on the London Stock Exchange, with large-scale projects in Latin America, announces its audited results for the year ended 31 December 2024 and provides an operational update for 2025 year-to-date.\n \nThese results are only the Company's third full year of operations and project development since joining the London Stock Exchange's AIM market on 30 December 2021. They show another year of major progress which is projected to culminate later this year with the Final Investment Decision (\"FID\") and start of construction on ATOME's flagship project in Villeta, Paraguay.\n \nThe Company's Annual Report is expected to be posted to shareholders on 27 June 2025 together with the Notice for the Annual General Meeting, further details of which are set out below.\n\n \nOlivier Mussat, CEO of ATOME, said:\n \n\"This has been a period of resolute execution for ATOME, marking our transition from development-stage company to a project-ready organization on the cusp of delivering what we believe will be the world's first industrial-scale zero carbon green fertiliser facility, Villeta in Paraguay. The plant will generate production without reliance on subsidies, close to key demand markets, enabling major food producers to decarbonise their supply chains.\"\n \n \nFinancial Highlights FY 2024\n \n\n\n\n\n●\n\n\nTotal comprehensive loss for the year ended 31 December 2024 was US$7.3 million (2023: US$6.6 million), with US$6.4 million of development costs capitalised as at 31 December 2024 (2023: US$4.8 million)\n\n\n\n\n●\n\n\nATOME raised a further US$6.3 million during the year from the issue of ordinary shares to institutional and private investors and in settlement of amounts owing to Directors and various suppliers\n\n\n\n\n●\n\n\nThe monies raised provided further working capital which has enabled ATOME to continue the rapid progress achieved to date\n\n\n\n\n●\n\n\nThe constitution of the club of proposed funders for the debt package of Villeta continued in the year under report with the indicative debt proposals of the financing substantially ov...